Even with good hyperparameters from tuning, if a model fits training well but validates poorly, it's useless. Today covers generalization failure's two sides — overfitting and underfitting — how to diagnose, and how to fix each with regularization (L1/L2/dropout/early stopping) and data augmentation. Tests ask about learning curve patterns, bias-variance, matching fixes.
Generalization error decomposes into bias and variance.